OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest near term upside to Brent prices, Goldman Sachs said.
Goldman Sachs Expects No Change in Oil Prices Next Year
Goldman Sachs expects oil prices to remain relatively stable in 2025, citing ample spare capacity and potential Iranian supply as key factors.
Oil prices are now 'a touch too low' relative to inventory, says Goldman Sachs' Daan Struyven
Daan Struyven, Goldman Sachs head of global commodities research, joins 'Squawk Box' to discuss the state of the oil market, impact of energy policies from the incoming Trump administration on the market,
Goldman Sachs expects oil prices to average around $80/bbl in 2024
Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday.
Oil prices could drop 20% in the next 2 years if the US implements tariffs, Goldman Sachs says
Oil prices could drop to the low $60s by the end of 2026 if demand takes a hit from Trump's sweeping tariffs, Goldman Sachs says.
Crude oil production decline to support modest upside in Brent prices, says Goldman Sachs
Goldman Sachs said a rising adherence to these cuts indicates stronger collaboration among OPEC+ members to stabilise the market.
The Express Tribune2m
Oil prices slip after surprise stock build
HOUSTON: Oil prices edged lower on Wednesday as a large, surprise build in US gasoline stocks outweighed easing supply ...
Oil eases on surprise rise in US gasoline stocks, rate-cut worries
Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks and worries about the outlook for U.S.
businessday2d
Goldman Sachs sees $76 oil in 2025
Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, ...
Oil watchers say inflation risks will stave off Trump's Canada tariff threat
Higher fuel prices are on the cards if President-elect Donald Trump implements tariffs on Canada, said industry experts.
Oil steady after surprise rise in US gasoline stocks
Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about ...
Trump’s Canada tariffs may impact US consumers and oil refiners, warns Goldman Sachs
Goldman Sachs has warned that Trump’s tariffs on Canadian and Mexican crude oil could hurt US consumers significantly.